Ravi Mital takes charge as Chairperson of Insolvency and Bankruptcy Board of India
NEW DELHI: Ravi Mital took charge as Chairperson of Insolvency and Bankruptcy Board of India in New Delhi today. A 1986 batch Indian Administrative Service (IAS) officer of Bihar cadre, Mital holds degrees of B.E. in Mechanical Engineering and M.Phil. in Environmental Science. Prior to joining the IBBI as Chairperson, he superannuated from the position […]
French automaker Renault crosses 800,000 cumulative sales mark in India
NEW DELHI: French automaker Renault on Tuesday said it has crossed the 8-lakh cumulative sales milestone in India, in a decade of its presence in the domestic market. It also said that despite the challenges faced by the industry owing to the pandemic and supply constraints, 2021 proved to be a remarkable year for Renault. […]
PMKSY scheme extended till FY’26 with Rs 4,600 crore outlay
NEW DELHI: The food processing ministry on Monday said its flagship scheme ‘Pradhan Mantri Kisan Sampada Yojana (PMKSY)’ has been extended till March 2026 with an allocation of Rs 4,600 crore. In a tweet, the ministry said PMKSY has been extended for a period of 2021-22 to 2025-26. The Central government has allocated Rs 4,600 […]
MeitY to hire CEO, CTO, CFO for India Semiconductor Mission: Official
NEW DELHI: The Ministry of Electronics and IT (MeitY) will hire top officials to fill various positions like CEO, CTO and CFO among others for ‘India Semiconductor Mission’ as it looks to build electronic chip and display ecosystem in the country, according to a MeitY official. The Union Cabinet in December approved Semiconductor India programme […]
Our focus is on trade, technology and tourism: MEA
NEW DELHI: The Ministry of External Affairs (MEA) on Thursday said it is giving “utmost importance” to the economic diplomacy and promotion of the three Ts — trade, technology and tourism. External Affairs Ministry spokesperson Arindam Bagchi said at a media briefing that the MEA is working to achieve the target of USD 400 billion […]
Sebi impounds Rs 3.9 crore from former CNBC-Awaaz anchor Ghai, family members
NEW DELHI: Sebi on Thursday impounded ill-gotten gains of Rs 3.9 crore from former CNBC Awaaz anchor Hemant Ghai and his family members following a detailed investigation in the matter related to fraudulent trading practices. The detailed investigation by the capital markets regulator revealed total wrongful gains made by them was Rs 6.15 crore, Sebi […]
Ravi Mittal appointed as IBBI chairperson
NEW DELHI: The government of India has appointed former civil servant Ravi Mittal as the chairperson of the Insolvency and Bankruptcy Board of India (IBBI), according to sources. The appointment comes little over four months after the post fell vacant following the retirement of M S Sahoo who completed his five-year term on September 30, […]
Summary of Union Budget 2022-23: Rs 5.25 lakh crore allocated for defence budget
NEW DELHI: India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies. The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country’s strong resilience. This was stated by Union Minister for Finance and Corporate Affairs […]
EdCIL posts 332.83 crore highest turnover, pays a dividend of Rs 11.5 crore for 2020-21
NEW DELHI: EdCIL Limited, a Public Sector Undertaking, working under the Ministry of Education, has paid an annual profit of Rs 11.5 Crore for the year 2020-21. EdCIL offers management and consultancy services in all areas of education and human resource development, both within India and overseas. The company registered a turnover of Rs. 332.83 […]
Highlights of Union Budget 2022-23
NEW DELHI: The Union Budget seeks to complement macro-economic level growth with a focus on micro-economic level all inclusive welfare. The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament today. The key highlights of the budget are as follows: PART A India’s economic growth estimated at 9.2% […]
16 new airports are to be built in Madhya Pradesh, Chhattisgarh, Uttar Pradesh, Rajasthan and Maharashtra
NEW DELHI:India’s Civil Aviation Minister : Jyotiraditya M. Scindia has stressed on the need of better integration among all stakeholders, particularly States and UTs, for the success of PM-Gati Shakti. Addressing the PM-Gati Shakti Conference(Virtual) for the Central Zone. Scindia said that the success of PM Gati Shakti will catalyse the multi-model connectivity in the […]
India’s GST collection tops Rs 1.38 lakh crore in January
NEW DELHI: India’s gross GST revenue collected in the month of January 2022 till 3PM on 31.01.2022 is Rs 1,38,394 crore of which CGST is Rs 24,674 crore, SGST is Rs 32,016 crore, IGST is Rs 72,030 crore (including Rs 35,181 crore collected on import of goods) and cess is Rs 9,674 crore (including Rs […]
India’s GDP to grow 8-8.5 pc in FY’23; economy well placed to meet challenges: Survey
NEW DELHI: India’s economy is expected to grow by 8-8.5 per cent in the fiscal beginning April 1 and is well placed to meet the future challenges on the back of widespread vaccine coverage, supply-side reforms and easing of regulations, said the pre-Budget Economic Survey on Monday. The Economic Survey 2021-22, tabled by Finance Minister […]